http://blogs.reuters.com/talesfromthetrail/2012/01/26/reuters-washington-extra-panettas-pain/ Tracking U.S. politics Thu, 23 May 2013 12:12:10 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/talesfromthetrail/2012/01/26/reuters-washington-extra-panettas-pain/comment-page-1/#comment-422966 SocalClimber70 Fri, 27 Jan 2012 02:10:28 +0000 http://blogs.reuters.com/talesfromthetrail/?p=38819#comment-422966 Panetta, is offering to cut $500 billion over 10 years. Using second grade mathematics, that drops military spend by $50 billion per year. That's not enough. Look at pre-Iraq levels, we should be below that number ($300 billion / year) if we want our military spend to be anywhere close to what other countries spend. Panetta just insulted us with his offer to "cut" military spending. If he had offered $4 trillion in spending cuts over 10 years then we would be in the right ballpark. Panetta, is offering to cut $500 billion over 10 years. Using second grade mathematics, that drops military spend by $50 billion per year. That’s not enough. Look at pre-Iraq levels, we should be below that number ($300 billion / year) if we want our military spend to be anywhere close to what other countries spend. Panetta just insulted us with his offer to “cut” military spending. If he had offered $4 trillion in spending cuts over 10 years then we would be in the right ballpark.

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